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1061 Mill Springs Road

1061 Mill Springs Road, New Market, TN 37820
Property in Jefferson
Sold Aug 26, 2021
$250,000
$200,000 by Firstbank
Mortgage Due Sep 01, 2051
Sold Sep 09, 2004
$30,000
1061 Mill Springs Road in New Market, TN was first built in 2018 and is 6 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1061 Mill Springs Road has 1,645 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,250 ft and the linear feet between the front and back of the lot is 1,800. In total, the area measurement of the land is 22,216 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 420 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1061 Mill Springs Road sold most recently in Aug 25, 2021 for a total of $250,000. If you work out the math, that's approximately a cost of $121.07 per sqft. Before that, the property was also sold for $30,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,040 in taxes each year. 1061 Mill Springs Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $47,500. If we break it down further, the land itself was valued at $4,050. Improvements to the property, however, were assessed at a total of $43,450. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 22,216
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,065
  • Gross Building Area: 2,065
  • Building Area: 1,645
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,645
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CHIP HODGSON PROPERTY
  • Land Acres: 0.51
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CHIP HODGSON PROPERTY PB: G PG: 316 LOT: 6 125 X 180

Ownership

  • Current Owner : EDMONDS JIM E
  • Current Owner 2: EDMONDS SHERRY
  • Previous Owner : MULL BLAKE A
  • Owner Before Previous Owner: HODGSON GEORGE E
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Jefferson County School District
  • School Tax School District: 45525
  • Census Tract: 070400

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 022N
  • District: 07
  • Parcel: 022N-D-006.00
  • Lot: 6
  • Municipality: NEW MARKET
  • Latitude: 36.1081
  • Longitude: -83.5527

    Address

  • Full Address: 1061 Mill Springs Rd
  • Address - House Number: 1061
  • Address - Street Name: Mill Springs
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: New Market
  • Carrier Code: R005
  • 4-Digit Zip Code: 3847
  • Zip Code: 37820

Valuation

    Tax

  • Total Area: 1,645
  • Tax Year: 2022
  • Tax Amount: $1,040
  • Tax Rate Code Area: 45A04

    Appraisal Valuation

  • Standard Deviation: 0.1491
  • Valuation Date: May 24, 2023
  • Confidence Score: 70
  • Final Value: 241,096
  • High Value: 277,043
  • Low Value: 205,148

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: FIRSTBANK
  • First Open Lien Mortgage Recording Date: Aug 26, 2021
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $16,200
  • Market Improvement Value: $173,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,500
  • Assessed Land Value: $4,050
  • Assessed Improvements Value: $43,450

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Aug 26, 2021
  • Current Sale Transaction ID: 11853730932
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21008308
  • Previous Sale Recording Date: Sep 09, 2004
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRSTBANK
  • First Mortgage Transaction Date: Aug 26, 2021
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Jefferson



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Frequently Asked Questions

What neighborhood is 1061 Mill Springs Road located in?
The 1061 Mill Springs Road is a located in the neighborhood of Jefferson in Jefferson, New Market.
What is the average sales price for listings in 1061 Mill Springs Road?
The average sales price for units in 1061 Mill Springs Road is $0 currently.

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